Some Land value taxers would exempt improvements. however, in practice, it is very difficult separate the hypothetical pre-improvement value from market value.
Imagine trying to asses the value of a modern farm today for the hypothetical where a connecting aqueduct had not been built 70 years ago.
Exempting improvements also undermines the argument that LVT puts the land to it's best possible use.
When you improve land, the best possible use is now different. ostensibly, that's why you improved it in the first place.
Imagine trying to asses the value of a modern farm today for the hypothetical where a connecting aqueduct had not been built 70 years ago.
Exempting improvements also undermines the argument that LVT puts the land to it's best possible use.
When you improve land, the best possible use is now different. ostensibly, that's why you improved it in the first place.